First-Aid Kit Market in Singapore
Market Overview
In 
, the Singaporean first-aid kit market decreased by -% to $ for the first time since 2016, thus ending a five-year rising trend. In general, the total consumption indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. First-aid kit consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
In value terms, first-aid kit production declined notably to $ in estimated in export price. Over the period under review, production continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2018 with an increase of %. First-aid kit production peaked at $ in 2008; however, from 2009 to , production failed to regain momentum.
, the Singaporean first-aid kit market decreased by -% to $ for the first time since 2016, thus ending a five-year rising trend. In general, the total consumption indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. First-aid kit consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.In value terms, first-aid kit production declined notably to $
in estimated in export price. Over the period under review, production continues to indicate a precipitous descent. The most prominent rate of growth was recorded in 2018 with an increase of %. First-aid kit production peaked at $ in 2008; however, from 2009 to , production failed to regain momentum.Consumption
In , after two years of decline, there was growth in consumption of first-aid boxes and kits, when its volume increased by % to tons. Over the period under review, the total consumption indicated a moderate increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption stood at a somewhat lower figure.
The size of the first-aid kit market in Singapore reduced modestly to $ in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. First-aid kit consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
, after two years of decline, there was growth in consumption of first-aid boxes and kits, when its volume increased by % to tons. Over the period under review, the total consumption indicated a moderate increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption stood at a somewhat lower figure.The size of the first-aid kit market in Singapore reduced modestly to $
in , standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a moderate expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. First-aid kit consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for first-aid boxes and kits in Singapore, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Singapore increased significantly over the last fifteen-year period (from % to %). First-aid kit market in Singapore remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% to %). First-aid kit market in Singapore remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Singapore remains a net importer of first-aid kit; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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